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A total of$25,000was invested in two accounts for 1 year and earned a total of$1,500in interest. PrincipalRateTime = Interest Principal Rate Time Interest Township Bank
A total of$25,000was invested in two accounts for 1 year and earned a total of$1,500in interest.
PrincipalRateTime = Interest | ||||
---|---|---|---|---|
Principal | Rate | Time | Interest | |
Township Bank | x | 0.06 | 1 | x |
Ameritech Savings | y | 0.06 | 1 | y |
Total |
create
a system of two equations that can be used to findxandy. DO NOT SOLVE THE SYSTEM.
x | + | y | = | |
x | + | y | = | 1,500 |
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